topic Re: The official Barclaycard Ring Thread in Credit Cardshttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1357341#M376918
<BLOCKQUOTE><HR />logan_720 wrote:<BR /><BLOCKQUOTE><HR />ptr2593 wrote:<BR /><P>Yea, please post your info if you got declined as well!&nbsp; I'm really itching for this card, but I'm unsure of my TU and I have 5-7 inquiries in the past year.</P><HR /></BLOCKQUOTE><P>I have around the same number of inquiries, you should apply first <img class="emoticon emoticon-smileywink" id="smileywink" src="http://fico.i.lithium.com/i/smilies/16x16_smiley-wink.gif" alt=":smileywink:" title="Smiley Wink" /></P><HR /></BLOCKQUOTE><P><BR />Haha <img class="emoticon emoticon-smileyhappy" id="smileyhappy" src="http://fico.i.lithium.com/i/smilies/16x16_smiley-happy.gif" alt=":smileyhappy:" title="Smiley Happy" /> I really want this card. &nbsp;I don't think I have a shot at anywhere near 8% on anything else!</P>Thu, 19 Apr 2012 05:18:13 GMTptr25932012-04-19T05:18:13ZThe offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355529#M376373
<P>Combining lotsa BC Ring threads into one, for the sake of the mods' sanity and members' reading enjoyment</P>Wed, 18 Apr 2012 04:38:30 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355529#M376373haulingthescoreup2012-04-18T04:38:30ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354627#M376389
<P>Barclays has launched thier new RING card product. Below is the email.</P><P>&nbsp;</P><P>The Wait is Over – Barclaycar​d Ring is now OPEN<BR />Inboxx</P><P><BR />Barclaycard Ring <A target="_blank" href="mailto:BarclaycardRing@barclaycardus.com">BarclaycardRing@barclaycardus.com</A><BR />4:00 PM (10 minutes ago)</P><P>to Barclaycard</P><P><BR />&nbsp;We’re ready for you to start changing the credit card industry.<BR />Thanks for pre-registering for the Barclaycard Ring MasterCard.<BR />Apply Now! 1The APR will vary with the market, based on the Prime Rate. See the Terms and Conditions for all details. 2Offer subject to credit approval. If at the time of your application you do not meet the credit criteria previously established for this offer, or the income you report is insufficient based on your obligations, we may not be able to open an account for you.&nbsp; You must be a US resident to apply. For information on rates, fees, other costs and benefits associated with the use of this account, please see the Terms and Conditions.&nbsp; 3The Giveback™ program and the profit sharing features are offered at our sole discretion. For more information on the Giveback™ Program, please see the Terms and Conditions. Barclaycard Ring MasterCard is issued by Barclays Bank Delaware, member FDIC PO Box 8801, Wilmington, DE, 19899 If you no longer wish to receive emails from Barclaycard, please send an email to <A target="_blank" href="mailto:barclaycardring@barclaycardus.com">barclaycardring@barclaycardus.com</A> with “Unsubscribe” in the subject line.&nbsp; If you are an existing Barclaycard customer, you will continue to receive any Account Alerts that have been set up on your account and any email updates about your account. You can access your account settings at <A target="_blank" href="http://www.barclaycardus.com/">www.barclaycardus.com</A></P><P>&nbsp;</P><P>Barclaycard<BR /><A target="_blank" href="http://www.barclaycardus.com/">www.barclaycardus.com</A></P>Wed, 18 Apr 2012 04:52:29 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354627#M376389Hammer232012-04-18T04:52:29ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354633#M376390
<P>Here is some guidence as to what they are looking for to approve the card:</P><P>&nbsp;</P><P>This is from the application and counts me out :-(</P><P>&nbsp;</P><P>&nbsp;</P><DIV class="section"><P class="yui-g">Below are optional questions to help you determine if you are a good fit for the community credit card product. These questions are not designed to pre-screen you for the Barclaycard Ring MasterCard. Instead, the questions are intended to introduce you to some of the key credit granting criteria, and are designed to provide you with information about how we make our credit decisions for this particular product.</P><P class="yui-g">&nbsp;</P><P class="yui-g">Do you know your current credit score?</P><P class="yui-g">&nbsp;</P><DIV class="yui-g">Credit scores are intended to reflect how you manage your credit. We generally do not approve customers who have a credit score below 680. Although having a credit score above 680 does not guarantee approval, it does increase the likelihood. In addition to the credit score, we consider other factors, such as income and debt, in the decision process. If you would like more details about your credit score, please visit <A target="_blank" href="http://www.myfico.com/">www.myfico.com</A>.&nbsp;<SPAN>&nbsp;</SPAN></DIV><DIV class="yui-g">&nbsp;</DIV><P class="yui-g">Have you paid more than 30 days late on any account or filed for bankruptcy?</P><DIV class="yui-g">We do not approve applications when there is a history of late payments for more than 30 days. Consumers make late payments for many reasons, but extending credit to consumers that show a history of making late payments is not considered to be a safe and sound practice by our regulators. Bankruptcy is a process that occurs when a consumer cannot repay the debts owed to creditors. To protect the bank and the consumer, we do not approve consumers whose credit files show an adverse public record such as bankruptcy.&nbsp;<SPAN>&nbsp;</SPAN></DIV><DIV class="yui-g">&nbsp;</DIV><P class="yui-g">Do you have 2 or more credit card accounts with high balances?</P><P class="yui-g">&nbsp;</P><DIV class="yui-g">Consumers with substantial amounts of debt compared to their annual income, pose a greater risk of being unable to pay bills. As a person's debt increases, their payment amounts also increase. If a significant percentage of the income is used to pay debt (i.e. mortgage, credit card and loan balances, etc.), this indicates that the individual may not have the ability to pay any incremental debt. Again, as a way of managing the safety and soundness for consumers, credit is not granted when high debt compared to income is present.</DIV></DIV>Wed, 18 Apr 2012 04:52:43 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354633#M376390Hammer232012-04-18T04:52:43ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354641#M376391
<P>Terms and Conditions:</P><P>&nbsp;</P><P>&nbsp;</P><P><SPAN>Terms &amp; Conditions</SPAN></P><DIV class="tr">&nbsp;</DIV><DIV class="bd"><DIV><TABLE border="1" cellspacing="0" cellpadding="0"><TBODY><TR><TD><STRONG>Interest Rates and Interest Charges</STRONG></TD></TR><TR><TD><P><STRONG>Annual&nbsp;Percentage Rate (APR) for Purchases</STRONG></P></TD><TD><P class="firstLine"><SPAN><STRONG>8.0</STRONG></SPAN><SPAN><STRONG>%</STRONG></SPAN>&nbsp;</P><P class="indentLines">This APR will vary with the market based on the Prime Rate.</P></TD></TR><TR><TD><P><STRONG>APR for Balance Transfers</STRONG></P></TD><TD><P class="firstLine"><STRONG>8.0%</STRONG></P><P class="indentLines">This APR will vary with the market based on the Prime Rate.</P></TD></TR><TR><TD><P><STRONG>APR for Cash Advances</STRONG></P></TD><TD><P class="firstLine"><STRONG>8.0%</STRONG></P><P class="indentLines">This APR will vary with the market based on the Prime Rate.</P></TD></TR><TR><TD><P><STRONG>How to Avoid Paying Interest on Purchases</STRONG></P></TD><TD><P>Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.</P></TD></TR><TR><TD><P><STRONG>Minimum Interest Charge</STRONG></P></TD><TD><P>If you are charged interest, the charge will be no less than $0.50.</P></TD></TR><TR><TD><P><STRONG>For Credit Card Tips from the Consumer Financial Protection Bureau</STRONG></P></TD><TD><P>To learn more about factors to consider when applying for or using a credit card, visit the website <SPAN>Consumer Financial Protection Bureau at <STRONG><A href="http://www.consumerfinance.gov/learnmore" target="_blank">http://www.consumerfinance.gov/learnmore</A>.</STRONG>&nbsp;</SPAN></P></TD></TR></TBODY></TABLE><P><BR /><STRONG>&nbsp;</STRONG></P><TABLE cellspacing="0" border="1" cellpadding="0"><TBODY><TR><TD><STRONG>Fee</STRONG><STRONG>s</STRONG></TD></TR><TR><TD><P><STRONG>Annual Fee</STRONG></P></TD><TD><P><STRONG>$0</STRONG></P></TD></TR><TR><TD><P><STRONG>Transaction Fees</STRONG>:</P></TD><TD><P>&nbsp;</P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Balance Transfer</DIV></LI></UL></TD><TD><P><STRONG>$0</STRONG></P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Cash Advance</DIV></LI></UL></TD><TD><P><STRONG>$1 for each cash advance</STRONG></P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Foreign Transaction</DIV></LI></UL></TD><TD><P><STRONG>1%</STRONG> of each transaction in U.S. dollars.</P></TD></TR><TR><TD><P><STRONG>Penalty Fees:</STRONG></P></TD><TD><P>&nbsp;</P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Late Payment</DIV></LI></UL></TD><TD><P>Up to <STRONG>$25</STRONG> (the amount of the fee varies by state, see below)</P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Over-the-Credit-Line</DIV></LI></UL></TD><TD><P><STRONG>$0</STRONG></P></TD></TR><TR><TD><UL><LI><DIV class="indentLines">Returned Payment</DIV></LI></UL></TD><TD><P>Up to <STRONG>$25</STRONG> (the amount of the fee varies by state, see below)</P></TD></TR></TBODY></TABLE><P><STRONG>How We Will Calculate Your Balance:</STRONG> We use a method called "daily balance (including new purchases)". If you are a resident of Iowa at the time the account is opened, we use a method called "average daily balance (including new purchases)".</P><HR /></DIV></DIV>Wed, 18 Apr 2012 04:52:55 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354641#M376391Hammer232012-04-18T04:52:55ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354735#M376392
<P>Is that guidance just for the new card, or for all of their cards?</P>Wed, 18 Apr 2012 04:53:11 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354735#M376392thekione2012-04-18T04:53:11ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354745#M376393
<P>Just for the Ring card. Other cards have different requirements</P><P>&nbsp;</P>Wed, 18 Apr 2012 04:53:38 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354745#M376393Hammer232012-04-18T04:53:38ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354947#M376374
<P>I'm still a little confused on rewards, earnings, etc. but 8% APR, no Annual Fee, No BT Fee sound pretty good to me.</P><P>&nbsp;</P><P>&nbsp;</P><P>edit: I'm changing the thread title, and nothing else, on all these merged posts.</P><P>&nbsp;</P><P>I'm not going to post this edit comment on every post. <img class="emoticon emoticon-smileytongue" id="smileytongue" src="http://fico.i.lithium.com/i/smilies/16x16_smiley-tongue.gif" alt=":smileytongue:" title="Smiley Tongue" /></P>Wed, 18 Apr 2012 04:51:30 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354947#M376374Creditaddict2012-04-18T04:51:30ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354975#M376375
<P>What I read said that it was best for people who carry a balance. So my guess is that you may get a small percentage of cashback on balance transfers or on the interest you pay. It probably will not be cashback or points on regular purchases.</P>Wed, 18 Apr 2012 04:51:43 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354975#M376375navigatethis122012-04-18T04:51:43ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354981#M376394
<P>The "Guidance Approval" I call it BS!</P><P>&nbsp;</P><P>We saw this with the "Black Card" also with Barclay... they said only about what was it 5% of the country would be approved for it but then the truth started coming out in the blogs about people getting approved for $500 and in and around there.</P><P>&nbsp;</P><P>Credit Department is already closed so I can't find out but CS said I can't product change my Apple Card but he didn't know why and he certainly didn't go looking, but I see the other post a few months back about leaving AirTran for a rewards MC or something.</P>Wed, 18 Apr 2012 04:51:56 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354981#M376394Creditaddict2012-04-18T04:51:56ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354983#M376376
<P>I was thinking about it, it would be a fine replacement for for Capital One, which I need badly to get rid of. I was just waiting to see who got approved, and what they were approved with...</P>Wed, 18 Apr 2012 04:52:10 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354983#M376376logan_7202012-04-18T04:52:10ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354995#M376377
<P>How do I find info on this card? Kind of sick of my us airways and would like to trade to something else. They did waive the af, but have no need for the miles. Has anyone had luck with Barclays doing this?</P>Wed, 18 Apr 2012 04:54:08 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354995#M376377crosbyk12012-04-18T04:54:08ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354999#M376378
<P>I already did, got a 7-10 day message, called a rep and she said declined.&nbsp; Hoping it was because app hit a froze report...</P>Wed, 18 Apr 2012 04:54:33 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1354999#M376378daveg382012-04-18T04:54:33ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355003#M376379
<BLOCKQUOTE><HR />crosbyk1 wrote:<BR />How do I find info on this card? Kind of sick of my us airways and would like to trade to something else. They did waive the af, but have no need for the miles. Has anyone had luck with Barclays doing this?<HR /></BLOCKQUOTE><P><BR />Google Barclay and Ring card, you will probably get right to app page.</P>Wed, 18 Apr 2012 04:54:46 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355003#M376379Creditaddict2012-04-18T04:54:46ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355005#M376380
<BLOCKQUOTE><HR />daveg38 wrote:<BR /><P>I already did, got a 7-10 day message, called a rep and she said declined.&nbsp; Hoping it was because app hit a froze report...</P><HR /></BLOCKQUOTE><P>They pull TU.</P><P>Call tomorrow when credit is open, number above in backdoor sticky.... they seem to decline a lot or small CL, recon is usually good success rate.</P>Wed, 18 Apr 2012 04:55:31 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355005#M376380Creditaddict2012-04-18T04:55:31ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355009#M376381
<P>They even tell you what score you need and link back to this site for reference. ;O</P>Wed, 18 Apr 2012 04:55:45 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355009#M376381Adalen2012-04-18T04:55:45ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355019#M376382
<P>Long time lurker, I pulled the trigger today, my TU pulled from FICO today 4/17 is exactly 680 <img class="emoticon emoticon-smileyhappy" id="smileyhappy" src="http://fico.i.lithium.com/i/smilies/16x16_smiley-happy.gif" alt=":smileyhappy:" title="Smiley Happy" />. The message I got from Barclays, was the further processing will be required - stay tuned...</P>Wed, 18 Apr 2012 04:56:00 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355019#M376382nancy6012012-04-18T04:56:00ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355021#M376404
<P>Been away from the forums for a while (very busy with school), but came by today to find that there is a new card out there -- Barclay Ring.&nbsp; I've read what they have to say on the <A target="_self" href="http://www.barclaycardring.com/">Barclaycard Ring </A>site and it seems like a great card to have around when carrying a balance will be unavoidable.&nbsp; I don't have any experience with Barclay, but I've read that they aren't known for giving out generous CLs (&lt;$1k in a lot of cases) and I'm looking for some input from those of you who do have a Barclay card or know someone who does.</P><P>&nbsp;</P><P>I've been looking for a low interest card that I can keep around for times where I know I will have to carry a balance.&nbsp; My lowest right now is 19.24% on my BCE.&nbsp; I've also been looking into getting a MC.</P><P>&nbsp;</P><P>Is this the card I'm looking for?</P><P><BR />Thanks.</P>Wed, 18 Apr 2012 04:56:14 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355021#M376404ptr25932012-04-18T04:56:14ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355245#M376395
<P>Once I get some balances paid down I'll be all over this one.&nbsp; A low APR card is the only thing I missing. I've got the rewards covered, I just need a low APR card for those times when I need to carry a balance outside of store card finance specials.</P>Wed, 18 Apr 2012 04:56:28 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355245#M376395boomhower2012-04-18T04:56:28ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355259#M376396
<BLOCKQUOTE><HR />boomhower wrote:<BR /><P>Once I get some balances paid down I'll be all over this one.&nbsp; A low APR card is the only thing I missing. I've got the rewards covered, I just need a low APR card for those times when I need to carry a balance outside of store card finance specials.</P><HR /></BLOCKQUOTE><P><BR />This is exactly what I was thinking.&nbsp; I've heard Barclay is stingy with CLs though.</P>Wed, 18 Apr 2012 04:56:41 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355259#M376396ptr25932012-04-18T04:56:41ZRe: The offical Barclaycard Ring Threadhttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355281#M376397
<BLOCKQUOTE><HR />ptr2593 wrote:<BR /><P><BR />This is exactly what I was thinking.&nbsp; I've heard Barclay is stingy with CLs though.</P><HR /></BLOCKQUOTE><P><BR />Not sure where you heard that from.&nbsp; There's even a recent thread that shows otherwise.</P><P>&nbsp;</P><P>Does this card offer rewards of any kind?</P>Wed, 18 Apr 2012 04:56:57 GMThttp://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355281#M376397clocktick2012-04-18T04:56:57Z